Cesc Ltd · NSE:CESC
Cesc — RPSG Investor Day 2025
32 slides from Cesc's conference presentation, Sep 6, 2025
Slide 1: Exchange filing cover letter: Investor Presentation
DOC:SEC:1513/2025-26/175 September 6, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, G- Block, Bandra – Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 SCRIP CODE: 500084 SCRIP CODE: CESC Dea
Slide 2: RPSG Investor Day 2025
RPSG Investor Day 2025 September 2025
Slide 3: RPSG Group: Building a diversified conglomerate
RPSG Group: Building a diversified conglomerate Power Group turnover ₹ 42,100 Cr. IT-Enabled Services (~ US$ 5 Bn) Chemicals EBITDA Asset base ₹ 67,700 Cr. Media & Entertainment ₹ 7,900 Cr. (~US$ 930 Mn) (US$ 8 Bn) FMCG Over 1.2 Million Shareholders Consumer & Retail ▪ One of India’s New-age And fas
Slide 4: RPSG Group: Key Businesses at a Glance
RPSG Group: Key Businesses at a Glance India’s first fully integrated utility company, Aiming for 3.2GW renewable energy capacity serving 4.8 Mn Consumers across 7 locations. by FY29 and scale it up to 10GW by FY32. A global leader in BPS- delivering transformative, LSG is a premier IPL franchisee f
Slide 5: RPSG Group: Delivering Sustainable Growth
RPSG Group: Delivering Sustainable Growth Group Revenue Group EBITDA Group Market Cap 2.5x 3x 7x 42,100 75,000 11% CAGR 13% CAGR 7,900 24% CAGR 26,600 5,400 17,200 2,700 24,350 10,800 FY15 FY21 FY25 FY15 FY21 FY25 FY15 FY21 FY25 Setting up Scaling of existing Foray into new Driving Efficiencies Cost
Slide 6: CESC Ltd-Business Overview
CESC Ltd-Business Overview India’s 1st fully integrated power utility company 5
Slide 7: CESC: Powering millions of Indian homes and businesses
CESC: Powering millions of Indian homes and businesses Distribution NPCL, 4.8 Mn. + 4.4 MW + ~19,000 MU 7 CPDL Chandigarh Greater Noida Consumer Peak Demand Sales Locations CESC Rajasthan, Bharatpur Thermal Generation CESC Rajasthan, 78% Bikaner 5 2140 MW capacity linked to Asansol 40MW (TPP) Therma
Slide 8: Reforms Unlocking Long-Term Sector Potential
Reforms Unlocking Long-Term Sector Potential The Supreme Court’s order on tariff recovery 2,474 Curbing Accumulated Regulatory Assets & curbing new regulatory assets will strengthen Discom cash flows 6% 1,694 CAGR Creating opportunities by opening access to DISCOM privatization high-potential distri
Slide 9: Renewable Energy at the Core of India's Energy Mix
Renewable Energy at the Core of India’s Energy Mix India's energy commitments by 2030 RE to account for 56% of electricity generation by 2032 Projected Electricity Generation in India (BU) • Non-fossil energy capacity of 500 GW 3,000 2,665 2,500 +5% • 50% of energy requirements from RE sources 246 2
Slide 10: Vision 2030
Vision 2030 Aspiring for Double-Digit Growth 9
Slide 11: CESC – Growth Vision 2030
CESC – Growth Vision 2030 Consolidated PAT Growth: Renewables Growth: Solar Manufacturing 3.2 3 2x GW GW Doubling of Profitability Hybrid renewable Solar Cell & Module by FY29 Regulatory Income Growth: Distribution Cashflows Cost Optimization Distribution Privatization Rising Cash Profit to initiati
Slide 12: Building Blocks - Growth Vision 2030
Building Blocks - Growth Vision 2030 Distribution Capex across all licenses over the next 5 years Rs 6,000 Cr Planned 3.2 GW Renewables by FY29 (Phase I) and 10 GW by FY32 (Phase II) Phase 1 Capex Rs 23,000+ Cr Cost optimization initiatives –Savings in fuel and power procurement cost would enable Hi
Slide 13: Current Advancements
Current Advancements 8.2% FPPAS hike in Kolkata license area from FY25 will reduce annual under-recoveries NPCL to benefit from UPERC MYT Regulations 2025 allowing rational approval of O&M Cost & Capex Chandrapur TPP - Signed medium term PPAs for 225 MW net capacity at higher attractive tariffs CESC
Slide 14: Entering Growth Phase: PAT set to double by 2030
Entering Growth Phase: PAT set to double by 2030 PAT to grow 2x Higher Capex & T&D Loss 3.2 GW+ Renewables- Strategic initiatives to drive PAT reduction across all licenses and Incremental sales of 11,000 MU expansion franchises to further enhance over next 5 years to come from profitability renewab
Slide 15: Opportunity in UP's Power Distribution Privatization
Opportunity in UP’s Power Distribution Privatization UP is India’s fastest growing state with a target to become $1 tn. economy by 2029 UP Govt. plans to privatize Purvanchal Vidyut Vitaran Nigam Ltd & Dakshinanchal Vidyut Vitran Nigam Ltd on Public Private Partnership Model PuVVNL DVVNL Potential o
Slide 16: Distribution & Generation Assets
Distribution & Generation Assets Best in Class Assets 15
Slide 17: Our Regulated Distribution License Assets
Our Regulated Distribution License Assets CESC Kolkata NPCL- Greater Noida CPDL-Chandigarh 567 37 lakhs 335 1.9 lakhs 114 2.4 lakhs Area (sq. km) Consumers* Area (sq. km) Consumer* Area (sq. km) Consumer* 9,765 6.49% 2,777 7.48% 127 12.5% Revenue (Rs Cr.)* T&D Loss %* Revenue (Rs Cr.)* T&D Loss %* R
Slide 18: Our Distribution Franchise Assets
Our Distribution Franchise Assets Kota DF-Rajasthan Bharatpur DF- Rajasthan 176 2.7 lakhs 1,077 50 0.74 lakhs 254 Area (sq. km) Consumer Base* Revenue (Rs Cr.)* Area (sq. km) Consumer Base* Revenue (Rs Cr.)* 348 1,290 14.3% 88 314 9.7% Peak Demand (MW) Units Sold (MU)* T&D Loss %* Peak Demand (MW) U
Slide 19: Delivering Continuous Operational Excellence
Delivering Continuous Operational Excellence 18.0 16.0 Power sales grew by 7% CAGR in FY21-25 T&D Loss CESC Kolkata (In BU) 11.9 8.4% 14.0 11.1 9.0% 12.0 10.4 8.0% 9.6 8.5% 9.1 7.3% 8.0% 10.0 8.0 7.5% 6.9% 6.0 7.0% 6.5% 6.5% 4.0 6.0% 2.0 5.5% 0.0 5.0% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY2
Slide 20: Chandigarh Power- Seamless Takeover
Chandigarh Power- Seamless Takeover Acquired 100% stake in CPDL wef. 01st Feb 2025 Regulated Business: Assured post-tax equity return approved by JERC Power Procurement : NTPC, NHPC and others (100% LTPPA) Achievements and inactivates post takeover Significant CAPEX Infusion ✓ Planned investment of
Slide 21: CESC Malegaon DF- Roadmap for Transformation
CESC Malegaon DF- Roadmap for Transformation Collection Efficiency 104.1% Aim to achieve PAT breakeven in next 3 years 95.4% 95.0% 92.2% Aggressive Loss Reduction Measures ✓ Large-scale de-hooking drives & meter installations 82.5% 83.5% ✓ Targeted vigilance raids to curb distribution losses FY21 FY
Slide 22: Distribution: Enhancing Customer Engagement through Digitalization
Distribution: Enhancing Customer Engagement through Digitalization Online Payments State of Art Mobile App >93% payment Green Energy Program Providing green power option to consumers AI/ML-Powered Digital Service Deploying chatbots, WhatsApp bots, voice bots 21
Slide 23: Smart Technologies in Power Distribution
Smart Technologies in Power Distribution RMU & Pillar Box Automation Self-Healing Network/Ring Network Extensive OFC Network (1500 KM) • Quicker restoration • Sensitive/ Essential premises • Total communication control • Lesser truck rolls • Easier System Operations • reduced reliance on telcos Scad
Slide 24: Performance of Generation Assets
Performance of Generation Assets Achieving Higher PLF compared to National Average Budge Budge- BBGS (TPP) Haldia (TPP) -PLF (%) 91 87 87 87 3* 250 CESC, Kolkata* 2* 300 CESC, Kolkata* 84 84 81 80 81 Capacity (MW) PPA Tied Capacity (MW) PPA Tied CIL Linkage CIL Linkage 69 70 64 Coal Mine 5,489 84% E
Slide 25: Enhancing Efficiency in Generation Operations
Enhancing Efficiency in Generation Operations Annual power-mix Daily power-mix Power Exchange Rate Power Procurement Demand Forecasting optimizer tool optimizer tool Forecasting Playbook Monthly PLFs, import Algorithm based daily Daily, weekly, and Data-driven forecasting Idea repository and cost an
Slide 26: Driving Growth With Renewable Energy
Driving Growth With Renewable Energy 3200 MW of Hybrid Power in FY29 25
Slide 27: Capturing the Renewable Energy Upswing
Capturing the Renewable Energy Upswing Falling module costs driving rapid solar capacity addition Average capacity of tenders has been steadily increasing (GW) 24 80 25% 25 0.8 0.7 20 0.6 60 15 Government Annual Target: 50 GW 15 13 13 0.5 10 0.4 40 10 0.3 7 7 6 6 3 0.2 20 5 1 0.1 0 - 0 FY15 FY16 FY1
Slide 28: Significant Progress into Renewable Energy
Significant Progress into Renewable Energy 3.2 GW by FY29 10 GW by FY32 Phase-1 Phase-2 1 3 1200 MW 2 Under Construction (Power offtake tied-up) 1 Project 1- 300 MW Solar 3 2 Project 2- 450 MW Hybrid Focus Hybrid & FDRE bids from SECI/NTPC CESC’s RE Project Sites 3 Project 3-450 MW Hybrid (Higher Ta
Slide 29: Renewable Projects – Status
Renewable Projects – Status Projects Under Implementation : 1200 MW Target to fully commission 1st Phase of 3,200 MW by Mar -2029 Project 1: Solar 300 MW by Q4FY26 PPA:CESC Kolkata Platform ready for participation in various bid formats invited by NTPC, Tariff: Rs.2.69/unit SECI/Discoms- Hybrid/ FDR
Slide 30: CESC- Key Investment Highlights
CESC- Key Investment Highlights Proven track-record of profitable operations Renewables leading the growth story, - Best in class generation assets leveraging proven expertise to scale across - Unmatched distribution model new opportunities Aiming for Double-digit PAT growth with Higher operating ca
Slide 31: High on ESG Commitment
High on ESG Commitment Environmental ✓ 0.89 tCO2eq/MWh GHG Intensity as compared to 0.94 tCO2eq/Mwh in FY 21-22 ✓ 29 green buildings certified ✓ 100% fly ash utilization ✓ Achieved 100% Zero waste to landfill (waste reused/recycled) ✓ Maintained specific water consumption below the statutory limit o
Slide 32: Thank You
Disclaimer Statement in this “Investor Update” describing the Company’s objectives, projections, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities law and regulations. Actual results could differ materially from those expressed or